Lockheed Martin Corp. made headlines at the end of January when it announced plans to shift retiree pensions to annuities offered by a life insurer. In doing so, it joins an expanding list of companies, including FedEx Corp., Raytheon Co. and Alcoa Corp., that have transferred billions of dollars in liabilities to an insurer.Read More
The latest Issue Brief publication from the Employee Benefits Research Institute (EBRI) shows only a very small percentage of defined contribution (DC) and individual retirement account (IRA) balances are annuitized in a given year.Read More
As the Season of Giving grows near, the team at DIETRICH wasted no time jumping right into working together to support a variety of local and national non-profits.Read More
DIETRICH and the Special Olympics of Pennsylvania joined forces for the 30th Anniversary of the Special Olympics of Pennsylvania Fall Festival at Villanova University from November 2nd – 4th as part of the Special Olympics’ Inclusion Revolution.Read More
There is no sign of a slowing in demand for longevity risk transfer and reinsurance solutions, as pensions continue to seek out partners to help them transfer their exposures and longevity risk itself looks set to increase again, as health advances could accelerate longevity improvements.Read More
When it’s time for an organization to consider an exit strategy with its frozen pension plan, it will inevitably rely upon its advisors and service providers to assess the feasibility of various terminal funding options. A plan sponsor might look for input from its actuary, plan administrator, investment advisor and ERISA attorney.Read More
DIETRICH, a leading national pension risk transfer company, specializing in providing insured institutional solutions to plan sponsors interested in transferring risk from their retirement plans, recently co-hosted a live educational webinar with industry leader, OneAmerica on strategies for lifetime income options in defined contribution plans.Read More
DIETRICH, a leading national pension risk transfer company specializing in providing insured institutional solutions to plan sponsors interested in transferring risk from their retirement plans, has hired a retirement plan administrator/pension underwriter to join their experienced team of retirement professionals.Read More
House Ways and Means Committee chairman Kevin Brady, R-Texas, submitted an amendment to the Family Savings Act—legislation included in a package of bills as part of Tax Reform 2.0. The amendment is a fiduciary rule safe harbor for the selection of a lifetime income provider for retirement plans.Read More
DIETRICH, a leading national pension risk transfer company, specializing in providing insured institutional solutions to plan sponsors interested in transferring risk from their retirement plans has hired two business development specialists to join their experienced team of retirement professionals.Read More
